Pine Labs Limited Latest Updates and Discussion

Appointment of Chief Operations Officer On September 2, 2026, Pine Labs formally appointed Jayaram Karthik as Chief Operations Officer (COO). In this role, Karthik leads the operational foundation and merchant experience architecture across India and international markets, focusing on standardizing customer onboarding and scaling operating infrastructure across the company's footprint spanning over 20 countries. 28th AGM & FY26 Annual Report Dispatch Under SEBI LODR Regulation 30 disclosures, the company completed dispatching its FY26 Annual Report and notice for its 28th Annual General Meeting (AGM) scheduled for September 16, 2026, conducted via video conferencing. Remote e-voting for shareholders opens from September 12 through September 15, 2026. Operational Turnaround & Full-Year Profitability For the fiscal year ended March 31, 2026 (FY26), Pine Labs posted consolidated revenue from operations of ₹2,098.38 crore, up 20.56% year-on-year from ₹1,740.58 crore in FY25. Full-year consolidated net profit (PAT) surged 434.9% YoY to ₹149.88 crore (compared to ₹28.02 crore in FY25), delivering a net profit margin of 7.14% following operating leverage gains in merchant acquiring and offline PoS processing. Corporate Restructuring via Reverse Flip Following the sanction received from the National Company Law Tribunal (NCLT) for the scheme of amalgamation of its Singapore holding entity with its Indian parent entity, Pine Labs finalized the corporate domicile transfer back to India. The reverse-flip execution streamlined the corporate holding structure, enabling direct equity distribution to existing institutional shareholders. Platform Expansions & Enterprise Contracts Through its API infrastructure arm Setu and core payment systems, the company secured major multi-year modernization mandates from top Indian Oil Marketing Companies (OMCs) for nationwide petrol retail payment automation.